The FDC Economic Development Commission in partnership with Community Futures Greenstone is undertaking an Economic Development Transition Project. It was initiated shortly after the announcement by Hudbay of their projected mine closure. Following workshops 67 businesses were interviewed with some of the results showing 46 percent expect sales to increase next year, 29 percent plan to expand in the next three years and 43 percent rate the local business climate as good. When asked about the impact of the Hudbay announcement 52 percent indicated it will impact their business, 43 percent anticipate a reduction in the workforce and 27 percent don’t know or will not be able to stay in business. Businesses identified the top three advantages of the Region to do business as people are friendly and supportive, tourism and quality of life with recreational opportunities and affordability and challenges included local government not seen as business friendly, age of infrastructure and lack of services and amenities. This data will help communities understand the challenges, issues and opportunities as the region works to address potential impact of the Hudbay Mine closure.
The next phase will be to gather additional community input through a comprehensive community consultation process.